Rivian in its Wave 2??
In my last post I stated "if we break $40.56 then it invalidates my primary count." Well, needless to say, we broke that price point.
What I am seeing here is we have 5 sub waves down to complete our primary Wave 1.
The sharp increase from our last low leads me to believe it is most likely our A of 2 retracement. I have marked the 0.5-0.618 fib lines as a possible end point for wave 2. Only time will tell. Either way it is not a good time trade Rivian IMO.
What I am seeing here is we have 5 sub waves down to complete our primary Wave 1.
The sharp increase from our last low leads me to believe it is most likely our A of 2 retracement. I have marked the 0.5-0.618 fib lines as a possible end point for wave 2. Only time will tell. Either way it is not a good time trade Rivian IMO.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.